Brookfield Renewable Announces Strong Second Quarter Results
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Brookfield Renewable Energy Partners (BEP) Reports Q2 EPS of $0.05, Revenues Beat
July 31, 2019 6:53 AM EDTBrookfield Renewable Energy Partners (NYSE: BEP) reported Q2 EPS of $0.05, versus ($0.01) reported last year. Revenue for the quarter came in at $787 million versus the consensus estimate of $657 million.
Highlights
Generated FFO per unit of $0.74, a 35% increase over the prior year;Announced our investment into a joint venture of a global solar developer with over 6,500 megawatts of utility-scale photovoltaic solar for approximately $500 million (approximately $125 million net to BEP) which we expect to close in the fourth quarter;Closed the acquisition of 210 megawatts of operating wind in... More